Investors' Soapbox PM

Industrials Group Set to Rebound

Parker Hannifin is a sector favorite with strong international demand.

March 7, 2014

MKM Partners

We come away from a round of channel checks and discussions with our industrials companies with the view that short-cycle industrial demand is the healthiest global vertical in our universe and continue to like Parker Hannifin among an otherwise valuation-stretched group.

Parker Hannifin (ticker: PH) (rated at Buy, $130 price target) is one of our favorite beat-and-raise names and we believe a combination of...